The Islamic Development Bank has listed a $1.25 billion sukuk on Nasdaq Dubai, the region’s international financial exchange. It is the seventh sukuk listing on the exchange by the IDB, making it the largest sukuk issuer on Nasdaq Dubai at $8.55 billion. Altogether, Nasdaq Dubai has 56 sukuk listings totalling $43.96 billion, making it the largest exchange in the world for Sukuk by value. Based in Saudi […]
It is official – Justin Bieber is coming to Dubai next year. After a week of rumours and uncertainty, concert promoters 117Live confirmed they will bring the 22-year-old Canadian pop star to Dubai’s Autism Rock Arena on May 6. Fans can preregister now for tickets at www.117live.com, and the date they will go on sale will be announced soon. Travel and hotel packages will also be announced […]
Developer Diyar Al Muharraq has announced that 50 percent of Al Qamra freehold residential plots were sold on the launch day of the second and final phase of the project Bahrain. The launch followed the successful sale of the first phase which witnessed “tremendous public response”. The second phase of Al Qamra sees the launch of 54 freehold residential plots ranging from 300 to 550 square metres, […]
First it was the Fed, then the ECB (which last week tapered when it reduced the monthly amount of bond purchases under its QE program). Now attention shifts to the Bank of Japan, because as the WSJ writes, one of central banking’s most aggressive easers – Kuroda’s Bank of Japan – may soon have to think about tightening for the first time since 2007. While it has […]
Even in today’s increasingly globalised, genre-melding world of music, many fans remain remarkably territorial – none more so than the stereotypically snobby classical connoisseurs. Yet different genres more in common that you might think, and a series of concerts, hosted as part of the Abu Dhabi Classics, aims to explore and expose the relationship between classical and pop music, with the help of a man who has […]
The first global crude supply pact in 15 years has underlined the growing energy alliance between Saudi Arabia and Russia, as the depth of the two-year oil slump forces co-operation between once unlikely partners. Russia led the main oil producers from outside the Opec cartel, including Mexico and Kazakhstan, in a deal signed this weekend to reduce supply by 568,000 barrels a day — with Moscow, the […]
2016 was a big year for VR (Image: Jake Smith/ZDNet) Virtual reality isn’t some weird concept coming in the distant future. It’s here. It’s been a major year in VR, with many consumer options now on the market from big hardware players in time for Christmas 2016’s shopping rush. We saw the breakout of Facebook, Google, Sony, and others with their first headsets aimed at the masses. […]
Al Ain-based Al Dahra Agriculture has announced that it has completed the acquisition of a majority stake in Australian feed processor Glenvar Hay. The purchase will lead to the formation of a new entity called Al Dahra Glenvar Hay Pty Limited, a statement said. Glenvar Hay has been producing a variety of quality feed products since 1925 and has an established sales network domestically in Australia and […]
Ryan Bouricius used the college’s 3D printers to make a functional prosthetic hand. Credit: Ithaca College With a 3-D printer and about $15, senior physics major Ryan Bouricius was able to create a functional prosthetic hand that can be used to grip, write and even catch a ball. With the assistance of a non-profit group, the hand will one day be matched to a person in need […]
It was a wild second half, made even wilder as the Eagles resorted to sideline tryouts for a new longsnapper after a series of injuries. Brent Celek, a tight end, was sent out for one attempt but his snap was fumbled by Donnie Jones resulting in a turnover on downs that Washington converted into a touchdown. Trey Burton, also a tight end, then got a shot and […]
Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah and Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, offer condolences to Sheikh Jamal bin Saqr bin Sultan Al Qasimi on the death of his mother.Wam Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, prays at the funeral of Sheikh Jamal bin Saqr […]
11 December 2016 Dubai: Dubai SME, the agency of the Department of Economic Development mandated to develop the Emirate’s small and medium enterprise (SME) sector, and Al Tamimi & Company, the largest law firm in the Middle East which specialises in patents and innovations, have signed a memorandum of understanding (MoU) to support entrepreneurial innovations and patents. The MoU reflects both parties’ commitment to achieving the UAE’s vision […]
Casual observers of Indian cinema might be unaware of the reasons why Rekha, an actress who dominated Bollywood during the 1970s and 1980s, dropped out of the public eye and became a semi-recluse. She rarely grants interviews or attends show business events. The chance to see her in public last week, when she attended the opening of the 13th Dubai International Film Festival on Wednesday and collected […]
Qatar Rail has announced a major construction milestone with the completion of all viaducts across the elevated sections of Doha Metro project. The construction of viaducts included the northern and southern sections of the Red Line and a section of the Green Line. The installation of the final segment of the viaducts was celebrated near the Doha Golf Club, a statement said. Jassim Saif Ahmed Al Sulaiti, […]
Apple’s products are arguably very polarizing in terms of specs and value, with some opening that there’s no shortage of cheaper and more powerful alternatives eclipsing the Cupertino company’s products in the market. However, one thing people can all agree on, Apple or non-Apple fan, is that all its products are very fragile pieces of technology, often ending up looking like props from a Michael Bay film […]
Opec has won the backing of countries outside the oil cartel to join supply cuts for the first time since 2001, overcoming the final major obstacle for a global agreement to curb output. Russia, the biggest oil exporter outside the group, alongside 10 other countries such as Mexico, Oman and Azerbaijan on Saturday agreed to reduce their production by 558,000 barrels a day. A new geopolitical dynamic […]
A new kind of ransomware comes with its own “referrals” program, one that you probably wouldn’t want to join. The malware called dubbed “Popcorn Time” locks your Windows computer’s files with strong AES-256 encryption, until you a pay a ransom of one bitcoin (or $780 at the time of writing). (Image: MalwareHunterTeam) But this ransomware comes with a twist. The lock screen will let you unlock your […]
Photo Mayor Nir Barkat of Jerusalem says he is optimistic that when Donald J. Trump is president, he will move the United States Embassy from Tel Aviv to Jerusalem, whose status is contested by Israel and the Palestinians. Credit Associated Press/Tsafrir Abayov The mayor of Jerusalem says that he is optimistic that once Donald J. Trump becomes president, the United States will quickly move its embassy in […]
Developers behind a $190.5 million affordable housing project in Dubai have announced that 50 percent of its second phase of homes have been sold within a week. MAG 5 Property Development, a real-estate company formed jointly by MAG Property Development and MBM Holding, announced the sales success for its MAG 5 Boulevard project at Dubai South. This is the first community project developed by MAG 5 Property […]
Luke Hemsworth has just played a prominent part in one of the TV events of the year – Westworld, HBO’s TV adaptation of Michael Crichton’s 1973 techno-noir thriller movie. The sci-fi drama is about an amusement park populated by lifelike robots who start to develop consciousness and become self aware. The show takes the basic idea behind Crichton’s film – robots run amok at a theme park […]
August remains undetected while stealing data. Image: iStock Cybercriminals are using personalized malware campaigns against staff at retailers in order to steal credentials and sensitive documents. A group known as TA530, is distributing the information stealing malicious software through socially engineered emails which encourage victims to download an attachment containing the relatively new ‘August’ malware (lines in the malware’s code as well as the control panel for […]
Dubai’s only listed crude shipper has announced plans for a major expansion of facilities in the northern Emirates including a new ship building and repair yard. Gulf Navigation said in a statement that it is starting studies for the expansion, known as the GNH Northern Project. The plan will include ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialised operations and global mobile […]
Photo A nun surveyed the scene after a deadly bombing at St. Mark’s Cathedral in Cairo on Sunday. Credit Amr Abdallah Dalsh/Reuters CAIRO — A bomb ripped through a section reserved for women at Cairo’s main Coptic cathedral during Sunday morning Mass, killing at least 25 people and wounding 49, mostly women and children, Egyptian state media said. The attack was the deadliest against Egypt’s Christian minority […]
ABU DHABI // Cultural development is an integral part of progress in any society, Sheikh Nahyan bin Mubarak, Minister of Culture and Knowledge Development, told a conference in the capital. Sheikh Nahyan said on Sunday that culture was a pre-requisite for achieving successful and sustainable economic growth. “We strive to preserve our heritage, values and principles as well as all aspects of culture in the UAE and […]
